Executive Job Description | Chief Financial Officer
Raley’s Family of Fine Stores
Sacramento, CA
“Enhancing the quality of people’s lives: a place where customers love to shop and colleagues love to work.”
February 4, 2010
Our client, Raley’s Family of Fine Stores (www.raleys.com), is seeking a Chief Financial Officer. Raley’s was founded in 1935 by Tom Raley, whose life was an authentic American success story. Since then, Raley’s has grown to 118 stores in northern California and 14 in Nevada, and includes Bel Air Markets, Nob Hill Foods and Food Source warehouses. Today, Tom Raley's family, the executive team and nearly 15,000 colleagues carry his legacy into a bright new era. Raley’s is the eighth largest private company in California with approximately $3.3 billion in annual sales. Nationally known for their unprecedented meats, produce and world class service, Raley’s pioneering history includes having the “first drive-in market,” “first self-service meat counter,” the first “Superstore,” and today operates the cleanest burning Class 8 Diesel Truck Fleet in the world. Highly regarded and active in the communities they serve, Raley’s has been three times voted, by a leading national consumer magazine, the “Number One” supermarket chain in the nation.
This critical position will operate as a comprehensive Chief Financial Officer and will have a leadership role in shaping the company’s long-term business strategy. The Chief Financial Officer will operate as the primary advisor on all financial-related matters to the CEO, Executive Leadership Team, Shareholders and the Board of Directors. The position will have ownership of the financial operations infrastructure to support the rapidly growing business.
Expected first year outcomes for the Chief Financial Officer include:
In the first 30 days
* To have accumulated significant knowledge and understanding of the cash flow and profit margin dynamics in the supermarket industry and Raley’s, specifically.
* In partnership with the CEO, to begin work with financial institutions to re-balance the organization’s financial portfolio, and meet the working capital needs of the organization and shareholders.
* To have begun establishing solid and productive business relationships with CEO, Executive Leadership Team colleagues, Shareholders, and Board members.
In the first 60 days
* To obtain CEO, Shareholder & Board approval to execute the organization’s long-term debt-leveraging strategy.
In the first 90 days
* Within the Executive Leadership Team, to be a leader in defining Raley’s business model.
By the end of the first year
* To be seen as a high-performing, innovative, and inclusive member of the Executive Leadership Team, and a trusted partner and advisor to the CEO, Shareholders and Board.
Our client believes the following competencies are required to effectively create the first year outcomes: ten to fifteen years of increasingly responsible senior-level financial management/CFO experience in retail, preferably, the supermarket industry; proven success as a respected strategic business partner and advisor to the CEO, Executive Leadership Team, Shareholders, and Board, specifically in a family-owned business; demonstrated success as a leader in an organizational restoration effort; willingness to role model new problem-solving approaches, prompt alternate thinking, and challenge the status quo; balanced mix of experience in both privately-held and publicly-traded organizations is preferred; sees and embraces the big picture: understands, articulates, and is passionate about the direction of the organization; experience with organizational growth via acquisitions, with specialization in due diligence and long-term integration processes; experience in creating and managing the relationships with financial institutions and auditors; outstanding communicator: effective with all audience-levels, uses an honest and straightforward approach, and does not hesitate to raise concerns; effective in a teaching role: able to explain the appropriate details and outline the issues thoroughly and patiently; effortlessly and skillfully moves between strategic and tactical levels, as appropriate; able to understand business fundamentals, an organization’s operations, and business model; impressive record of accomplishment in leading successful, innovative, and performance-driven teams to produce results; MBA or CPA preferred; history of continuous professional development; life-long learner.
Our client is offering an exceptional opportunity to work in an expanding industry with an organization of excellence. A compensation package includes a competitive base salary (depending upon qualifications and experience) and an annual and long term incentive plan, plus excellent benefits. The position is located at Raley’s Corporate Headquarter (called The Support Center) in Sacramento, California, a region long-known for its exceptional quality of life. Sacramento has been cited as one of the five “most livable” regions in America. Pre-screened, selected candidates will be invited to interview with the search committee on March 25, 2010, with second interviews the following morning.
For confidential consideration, at your earliest convenience and no later than March 5, 2009, please email your chronological resume and compensation expectations to:
CFO Search
C/O RaleysCFO@wilcoxcareer.com
Wilcox Miller & Nelson, 100 Howe Avenue, Suite 155 North, Sacramento, CA 95825
916.977.3700; 916.977.3733 FAX |
